npower Reports Solar Energy Boost From Cashback Scheme
on: March 02, 2010, 8:01 am
npower has reported that, thanks to a new government cashback
scheme, those who use solar power to generate their own electricity
could soon earn approximately £960 per year.
Introduced by the government in April 2010, Feed in Tariffs, or FITs, as they're more
often referred to, offer homeowners with solar photovoltaic (PV) panels a payment of
up to 41.3p for every unit of electricity they generate.
James Morgan, solar expert for npower, commented: "This
is great news for homeowners. Put simply, owners of solar photovoltaic panels, which
produce electricity, will be paid for all the energy they generate - regardless of
whether they use it themselves or sell it back to the grid. So not only will your
energy bills be reduced, but you will also be receiving a regular income from the
energy you generate.
"Consequently, there's never been a better time to be installing solar panels on your home. Since the introduction
of the scheme, we've seen a huge increase in the number of people interested in
going solar, as the extra financial benefit offered by FITs means that the payback
period has been reduced to around 15 years for a typical installation costing around £12,000."
Solar photovoltaic (PV) uses energy from the sun to create electricity to run
appliances and lighting in the home. Solar PV requires only daylight - not direct
sunlight - to generate electricity, making it incredibly efficient. The system also
generates no greenhouse gases, helping to reduce homeowners' carbon footprint.
Ronald and Wendy Jordan from Cornwall are one couple who will benefit from
Feed-in-Tariffs. They run their own beef farm and bed and breakfast near Lostwithiel
and decided to invest their savings in solar PV panels while interest rates were low.
Although their 1560's property was not suitable for an on roof installation, the
Jordans' farmland provided an ideal location and their 2.2 kWp system is
ground-mounted on the southern side of the property. The solar panels now generate
the vast majority of the electricity used in the farmhouse.
Along with the savings the couple will make from generating their own electricity,
they will also receive a payment for all the electricity their panels produce thanks
Ronald Jordan commented: "Wendy and I have always had an invested interest in
renewable energy as an environmentally sustainable way to generate power, so solar
panels were the next step towards making our home more energy efficient and to
protect ourselves financially in the future.
"We are already seeing the benefits of generating our own energy and expect these
to grow as we begin to earn money through the FITs."
Ronald and Wendy chose npower to install their solar panels as the company was able
to offer them a one-stop-shop solution. From a site survey through to installation
and buying back excess electricity, npower oversaw the entire process, to help make
installation as easy as possible.
npower has 6.6 million residential gas and electricity
accounts throughout the UK. npower is a market leader in renewable energy. npower
juice matches green energy primarily from off-shore wind farms for juice customers
at no extra cost. Join the energy industry discussion on npower's interactive
debating website the brighter energy debate where you can post your questions, views
Press and Public Relations
0845 070 2807